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After you have identified
the property you like and signed the
Preliminary Sales & Purchase Agreement,
you can apply for a mortgage loan from
the bank by following these procedures:
Complete
the application
form and
enclose the
relevant documents
(please refer
to question
2 for required
documents) |
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The
bank will then
arrange for
a valuation of
the property
and determine
the maximum
loan amount
based on the
appraised property
value and your
repayment ability. |
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Upon
loan approval,
the bank will:
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Arrange
for you to
sign the Letter
of Offer
|
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Notify
the solicitor(s)
to prepare
the Legal Charge
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After
all legal documents
have been signed,
the solicitor
will notify
the bank to
disburse the
mortgage amount
to the seller
via the solicitor
and the transaction
is then completed.
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Finally,
the bank will
send you a
schedule of
monthly mortgage
repayment,
detailing the
principal and
interest to
be repaid and
the outstanding
balance of
each month.
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Generally,
customer is required to submit copies
of the following documents to the bank
in support of an application for a
mortgage loan:
| Personal
name customer |
| - |
HKID
Card or passport
(borrower(s)
and guarantor(s),
if any) AND
|
| - |
Preliminary
Sales & Purchase
Agreement
(new purchase)
/ Latest
loan repayment
schedule
and record
showing mortgage
loan instalments
for the past
three months
(mortgage
refinancing)
AND
|
| - |
Bank
book / statements
showing salary
deposits
for the past
three months
AND
|
| - |
Latest
tax demand
note/ Latest
employer’s
return/ Employer’s
letter
|
|
|
Shelf
company incorporated
in HK*
|
| - |
HKID
Card or passport
of shareholders
who provide
personal
guarantee
AND
|
| - |
Preliminary
Sales & Purchase
Agreement
(new purchase)
/ Latest
loan repayment
schedule
and record
showing mortgage
loan instalments
for the past
three months
(mortgage
refinancing)
AND
|
| - |
Valid
Business
Registration
/ Certificate
of Incorporation
AND
|
| - |
List
of Director
/ Instrument
of transfer
AND
|
| - |
Registration
of shareholding/
return of
allotment
AND
|
| - |
Guarantor’s
latest tax
demand note
AND
|
| - |
Guarantor’s
bank book/
statements
showing salary
deposits
for the past
three months
|
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|
| * |
Shelf
company is currently not
eligible to apply for the
Mortgage Insurance Programme
Loan.
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Mortgage
refinancing application procedures
are similar to that of normal mortgage
application. However, customers must
discharge the mortgage with their existing
bank. For more information please contact
our mortgage hotline on 2710 2288,
or make
an appointment with our mortgage consultant. |
Mortgage
